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Annual Report 2010 - IWA Forest Industry Pension Plan

Annual Report 2010 - IWA Forest Industry Pension Plan

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Table of Contents<br />

Message from the Trustees 1<br />

Profile 2<br />

A Brief Review of <strong>2010</strong> 3<br />

<strong>Pension</strong> <strong>Plan</strong> Governance 4<br />

Overview 4<br />

Governance Practices 4<br />

Board Committees 5<br />

Board Changes 5<br />

Governance Structure 6<br />

Membership 7<br />

Active Member Profile 8<br />

Retired Member Profile 8<br />

Historical Membership Trends 9<br />

Investment Information<br />

Assets in the <strong>Pension</strong> Fund 10<br />

Asset Mix 11<br />

Rates of Return and Benchmarks 12<br />

Investment Managers 14<br />

Top Ten Holdings 14<br />

Financial Information<br />

Going Concern Actuarial Liability 15<br />

Solvency Liability 16<br />

Summarized Financial Statements for <strong>2010</strong> 17<br />

Benefit Payments 19<br />

Operating Expenses 19<br />

Investment and Custodial Fees 20<br />

<strong>Annual</strong> Cash Flow 20<br />

Contributory Hours 21<br />

Glossary 22

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